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2025 U.S. Industry Statistics & Market Forecast - Parking Lots and Garages
Market Size & Industry Statistics
The total U.S. industry market size for Parking Lots and Garages:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Parking Lots and Garages industry include:- Increased demand for parking management solutions due to urbanization
- Growth of smart parking technologies incorporating IoT, AI, and automation
- Adoption of green parking solutions integrating EV charging stations and solar panels
- Implementation of contactless payments and mobile app integrations
- Impact of ridesharing services reducing demand for traditional parking spaces
- Rising real estate costs influencing parking rates and facility locations
- Regulatory changes pushing for reductions in inner-city parking spaces to combat congestion
- Enhanced focus on security features including surveillance systems and lighting
- Shift towards multi-use developments requiring adaptable parking solutions
- Increased emphasis on user experience enhancements through clearer signage and well-maintained facilities
- Growth in online reservations and pre-booking systems for parking spaces
Product & Services Breakdown
Research products and services in the Parking Lots and Garages industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Off-Street Parking Services |
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Off-Street Parking Services - Hourly Or Daily |
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Off-Street Parking Services - Weekly Or Monthly, In Buildings |
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Off-Street Parking Services - Weekly Or Monthly, On Lots |
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Valet Parking Services |
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Management Fees For The Operation Of Parking Facilities |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Parking Lots and Garages company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Parking Lots and Garages industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Parking Lots and Garages measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Personal Care and Service Occupations | 44% | |||
| Animal Care and Service Workers | 36% | |||
| Animal Caretakers | 34% | |||
| Animal Caretakers | 34% | |||
| Office and Administrative Support Occupations | 10% | |||
| Transportation and Material Moving Occupations | 21% | |||
| Other Transportation Workers | 15% | |||
| Parking Attendants | 15% | |||
| Parking Attendants | 15% | |||
Parking Lots and Garages Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Parking Lots and Garages industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Parking Lots and Garages industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Parking Lots and Garages industry. |
Source:
Latest Industry News
- SEPTA to begin charging for parking on weekends, holidays at lots and garages - If you prefer to park in a SEPTA-owned parking lot or garage, prepare to pay for it. (07/06/2025)
- SEPTA parking fees to go into effect on Monday - PHILADELPHIA (WPVI) -- Starting Monday, commuters can no longer park at SEPTA parking lots or garages for free. That includes 35 locations that currently don't charge. Parking in lots will cost $2 a day, while garages will cost $4 a day. You will need to use the SEPTA Park app or text-to-pay. (07/06/2025)
- SEPTA to begin charging for weekend, holiday parking at all lots and garages - Baby bison appear to have a blast chasing each other at Yellowstone National Park Drone footage shows scale of devastating floods in Texas Booming town is the No. 1 barbecue obsessed city in Texas (07/06/2025)
- Free parking: People with disabilities and Purple Heart recipients don't have to pay in SC - Having a "disabled" or "Purple Heart" license plate means you don't have to pay the parking meter, or municipal parking garages and lots, in South Carolina. (07/06/2025)
- SEPTA ends free parking on weekends and holidays - SEPTA will charge customers to park in its lots and garages on weekends and holidays starting Monday. The transportation authority has offered free parking for years but started phasing in payments again last year as SEPTA faces a multimillion-dollar annual deficit and has made plans to cut costs and services. (07/04/2025)
- No more free weekend and holiday parking at SEPTA lots and garages starting July 7 - The days of parking for free at SEPTA-owned lots and garages on weekends and holidays are ending on July 7. The video above is from a prior report. SEPTA has announced that all (07/03/2025)
- Airport parking in Miami and Broward may be an issue. Check the advisories - Remote Lot: Discounted parking is available at Miami International Airport’s remote Economy Park and Ride lot. The 350-space lot provides monitored parking and a free shuttle service to the terminal. Located at 1350 NW 45th Ave., the Economy Park-and-Ride lot is accessible from either LeJeune Road or Perimeter Road. (07/03/2025)
- SEPTA to begin charging for weekend and holiday parking at all SEPTA-owned lots, garages - SEPTA will begin charging for parking on weekends and holidays at all SEPTA-owned lots and garages, according to SEPTA Media Relations. (07/02/2025)
- SEPTA to begin charging for parking lots on weekends and holidays - Year-round, all surface lots will cost $2 and garages will be $4 starting Monday. The authority says the move is needed as it prepares for drastic service cuts. (07/02/2025)
- July 4 travel: Tips for parking and flying out of Palm Beach, Fort Lauderdale airports - How much parking costs and how to get discount rideshare fare to and from the most popular airports for Palm Beach County residents. (06/30/2025)
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